SILVER 0.30% $15.25 silver futures

"You cannot predict markets"Wrong unsinkable. How did I predict...

  1. 2,859 Posts.
    "You cannot predict markets"

    Wrong unsinkable. How did I predict the recent low around $26.50 and strike right at the low. Predicting the recent top was actually not that difficult (even though I didnt) as it was resistance with the July top making a lower double top. I actually used that strategy to predict the $1800 gold top well in advance.

    "Buying the dips" is for people who don't know how to predict markets and prefer not to use the term "averaging down" which is a general no no. Of course no one will always be right.

    As it stands now I am shorting silver. Here are the facts. Short term and medium term trends are down. Lower double top in place. Reversal on intraday chart today is bearish with stops above todays reversal high around $27.75. Iactually can't see this stopping at my TSI level either but I may be wrong.

    My prediction is if $26.50 breaks the it is first stop $22.

    Good luck.

    El Capo
 
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